Minnesota Bars Use of Price Optimization in Insurance Rates December 7, 2015 Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in...
South Carolina Establishes New Precedent for Legal Malpractice Cases December 7, 2015 By Amy O'Connor The South Carolina Supreme Court has reversed a decade old precedent-setting decision in which it dismissed a legal malpractice case...
10 Things to Know About Aviation December 7, 2015 Underwriters at Lloyd’s wrote the earliest aviation insurance policy in 1912, but they considered the aircraft unsafe, and therefore only...
Report: Southeast States Not Prepared for Future Risks from Climate Change December 7, 2015 Many states across the country, particularly in the Southeast, are unprepared to face the risks posed from extreme heat, drought,...
Cyber Security: Insurance as an Essential Part of Risk Management December 7, 2015 By James R. Woods, John Nadolenco and Rich Dodge The cost and frequency of cyber-related security threats are on the rise. Some estimates claim that one-in-six businesses have experienced...
Maryland Issues Bulletin on Commercial Policy Termination Notices December 7, 2015 Property/casualty insurers writing commercial policies in Maryland are no longer required to file the cancellation or nonrewal notices they send...
Toy Drones Are Serious Risk to Aircraft: Aerospace Firm December 7, 2015 Toy drones can be dangerous and costly to the aerospace industry and consumers, according to a new report from a...
N.J. Gov. Signs Spanish-Language Exam Bill December 7, 2015 New Jersey Gov. Chris Christie signed into law A-4144/S-2755 on Nov. 9. The law will take effect on May 7,...
Cyber, Property Risks Not Easily Separated: Security Expert December 7, 2015 By Mark Hollmer The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks,...
Delaware Marks Licensing of 1,000th Captive December 7, 2015 Delaware Gov. Jack Markell presented Insurance Commissioner Karen Weldin Stewart with a proclamation on Nov. 9 recognizing the Department of...